FY2017 Earnings Estimate for Canadian Pacific Railway Limited (CP) Issued By National Bank Financial
Canadian Pacific Railway Limited (NYSE:CP) (TSE:CP) – Analysts at National Bank Financial decreased their FY2017 earnings per share (EPS) estimates for Canadian Pacific Railway in a research report issued on Tuesday. National Bank Financial analyst C. Doerksen now forecasts that the transportation company will earn $8.92 per share for the year, down from their previous estimate of $9.14. National Bank Financial has a “Sector Perform” rating and a $207.00 price target on the stock. National Bank Financial also issued estimates for Canadian Pacific Railway’s Q4 2017 earnings at $2.54 EPS, Q1 2018 earnings at $2.31 EPS and Q4 2018 earnings at $2.74 EPS.
A number of other equities analysts have also commented on the company. Goldman Sachs Group began coverage on Canadian Pacific Railway in a research note on Monday, November 13th. They issued a “neutral” rating and a $178.00 price objective on the stock. Deutsche Bank started coverage on Canadian Pacific Railway in a report on Wednesday, November 1st. They set a “buy” rating and a $209.00 price objective on the stock. Argus lifted their price objective on Canadian Pacific Railway from $180.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 19th. Morgan Stanley lifted their price objective on Canadian Pacific Railway from $214.00 to $225.00 and gave the company an “overweight” rating in a report on Wednesday, October 18th. Finally, BMO Capital Markets reaffirmed a “buy” rating and set a $238.00 price objective on shares of Canadian Pacific Railway in a report on Wednesday, October 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and fifteen have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $191.19.
Canadian Pacific Railway (NYSE CP) opened at $180.23 on Friday. The company has a current ratio of 0.53, a quick ratio of 0.44 and a debt-to-equity ratio of 1.33. The firm has a market capitalization of $26,076.70, a PE ratio of 21.04, a price-to-earnings-growth ratio of 1.71 and a beta of 1.20. Canadian Pacific Railway has a 1-year low of $141.32 and a 1-year high of $180.90.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 29th. Stockholders of record on Friday, December 29th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, December 28th. Canadian Pacific Railway’s payout ratio is currently 18.62%.
Several institutional investors and hedge funds have recently made changes to their positions in CP. Captrust Financial Advisors acquired a new position in shares of Canadian Pacific Railway in the 2nd quarter worth approximately $130,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Canadian Pacific Railway by 23.6% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 876 shares of the transportation company’s stock worth $141,000 after acquiring an additional 167 shares in the last quarter. Parallel Advisors LLC boosted its holdings in shares of Canadian Pacific Railway by 13.0% in the 2nd quarter. Parallel Advisors LLC now owns 983 shares of the transportation company’s stock worth $154,000 after acquiring an additional 113 shares in the last quarter. Boston Private Wealth LLC acquired a new position in shares of Canadian Pacific Railway in the 3rd quarter worth approximately $203,000. Finally, FineMark National Bank & Trust acquired a new position in shares of Canadian Pacific Railway in the 3rd quarter worth approximately $208,000. 67.56% of the stock is currently owned by institutional investors and hedge funds.
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About Canadian Pacific Railway
Canadian Pacific Railway Limited, together with its subsidiaries, owns and operates a transcontinental freight railway in Canada and the United States. The Company operates through rail transportation segment. The Company’s transports bulk commodities, merchandise freight, and intermodal traffic over a network of approximately 12,400 miles.
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